Musk unveils Tesla’s cut price electric SUV, Tesla Model Y

Tesla CEO and founder Elon Musk has finally added form and the shape of a new model to complete his promised electric vehicle acronym S3XY, with the launch of the all-electric, hopefully mass-market Model Y SUV .

The Model Y was unveiled on a livestream event held by the pioneering EV maker, in the most anticipated unveilings of a vehicle since, well, the “mass-market” Model 3 that was unveiled three years ago and has sold nearly 150,000 models since.

The Model will begin production in 2020 (the northern’s hemisphere’s fall, or autumn), with a base model to be released in 2021.

The long range version will be priced at $US47,000, the Dual Motor AWD at $US51,000 and the Performance version will be $US60,000 ($A66,300, $A72,000 and $A84,600 at today’s rates respectively).

The Standard version will cost $US39,000 ($A55,000 at today’s rates), and will be introduced in the northern hemisphere in spring 2021.

Some have lamented that due to the fact the Model Y shares 3/4 of its architecture with the Model 3, it may not have the roominess most come to expect in an SUV.